Mumbai, Jan. 16 -- Reliance Industries, India's most valuable company, reported a marginal growth in its profit for the October-December quarter as a decline in its oil exploration and production business offset the improved earnings across its other key businesses.

The Mukesh Ambani-led company reported a consolidated profit of Rs.22,167 crore during the quarter, compared to Rs.21,804 crore in the corresponding quarter last year and Rs.22,146 crore during the preceding quarter.

Consolidated revenue grew by 11% to Rs.2.69 trillion, while earnings before interest, tax, depreciation and amortization (Ebitda) were up 5% to Rs.46,018 crore.

The Mumbai-based company's key oil-to-chemicals (O2C) segment reported improved earnings on the back...